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Dec 9, 2013
12/13
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and i think they'll most likely forego the next gains too. they've been brainwashed into thinking it's all phony. here's the bottom line, though. a combination of blindness instilled by the inability to see that stocks can really rally under president obama coupled with an underestimate of the federal reserve's will, historical buyers who are not now going to turn sellers because they know the history and fear of stock shortage among seasoned equities could end propelling us to the next level. believe me, to these purists, the next move, it'll stink to high heaven too. can i go to gerard in south carolina? gerard? come on, this is the real usc. >> caller: hi, jim. >> how are you, gerard? >> caller: i'm well, thank you, sir. about a month ago, caller asked about noodles, you recommended to hold it. i have a fairly large position. i am down about 11%. friday when the market was up, the stock tumbled 6%. my question to you is this, jim. they are coming out with a new offering at a cost of $39.50. now, my cost basis is higher than that. and i was
and i think they'll most likely forego the next gains too. they've been brainwashed into thinking it's all phony. here's the bottom line, though. a combination of blindness instilled by the inability to see that stocks can really rally under president obama coupled with an underestimate of the federal reserve's will, historical buyers who are not now going to turn sellers because they know the history and fear of stock shortage among seasoned equities could end propelling us to the next level....
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Dec 4, 2013
12/13
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that will of course argue for tapering next year and ending qe next year and also growth going into 2014 and particularly 2015. >> mark, one recurring theme we've had in discussions over the past several months is looking for effect of obama care. you did get strong growth in that 20 to 49 employee business size. but it's less than you had with smaller businesses and with larger businesses. are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no. none. i can't see it. in terms of the job creation or for companies that are around that key 50 employee threshold, i don't see anything. of course the employee mandate was delayed. maybe companies aren't going to react. they'll wait until next year this will they start to react. i don't see it in part time employment, hourly earnings. it's very difficult to see. now, it could also be the case going back to counter fact we don't know what the world would look like if obama care wasn't implemented. that's a tough argument to make. i just don't see it in the data. >> thanks for joining us this morning and bringin
that will of course argue for tapering next year and ending qe next year and also growth going into 2014 and particularly 2015. >> mark, one recurring theme we've had in discussions over the past several months is looking for effect of obama care. you did get strong growth in that 20 to 49 employee business size. but it's less than you had with smaller businesses and with larger businesses. are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no....
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Dec 4, 2013
12/13
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. >>> coming up next, storming the castle. a minimum wage debate backed by president obama could have devastating consequences for one burger chain. a top executive will explain how a move to increase the minimum wage could shudder restaurants and hurt jobs for his chain and others. don't touch that remote. over the next 40 years the united states population is going to grow by over 90 million people, and almost all that growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved into safe, clean affordable housing, places that have access to great school systems, access to jobs and multiple transportation modes then the neighborhood begins to thrive and then really really take off. the oxygen of community redevelopment is financing. and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so
. >>> coming up next, storming the castle. a minimum wage debate backed by president obama could have devastating consequences for one burger chain. a top executive will explain how a move to increase the minimum wage could shudder restaurants and hurt jobs for his chain and others. don't touch that remote. over the next 40 years the united states population is going to grow by over 90 million people, and almost all that growth is going to be in cities. what's the healthiest and best...
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Dec 2, 2013
12/13
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an obama adviser says the five-week emergency, quote, tech surge has doubled the capacity of the online portal. the site can handle 50,000 simultaneous users. but experts say major challenges remain. we'll talk to former hhs secretary michael leavitt in the next half hour. >>> amazon testing delivering packages using drones. could deliver packages that weigh up to 5 pounds, that represents 86% of packages amazon delivers. ceo jeff besos making the announcement on "60 minutes" last night. >> that's the earliest we could get the rules from the faa. my guess is that's probably a little optimistic. but could it be four, five years. >> amazon, the fellow online retailers had a lot on the line today, it's cyber monday, jon fortt joins us onset. your opinion on the drone story? >> well, i think it's possible to do. i worry that pranksters with -- >> my son showed me this. there's a guy that put a submachine gun on the helicopters and used it to destroy a car. the kids get these cool videos that are out there and he found this one. >> we hope he doesn't get angry one day. >> who is going to sti
an obama adviser says the five-week emergency, quote, tech surge has doubled the capacity of the online portal. the site can handle 50,000 simultaneous users. but experts say major challenges remain. we'll talk to former hhs secretary michael leavitt in the next half hour. >>> amazon testing delivering packages using drones. could deliver packages that weigh up to 5 pounds, that represents 86% of packages amazon delivers. ceo jeff besos making the announcement on "60 minutes"...
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Dec 6, 2013
12/13
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. >> that's the next thing i want to ask you. i'd like you to come up with a policy you can recommend to president obama on the air right now that would be better than the minimum wage. because recall, 40% of unemployed people today are long-term unemployed, disproportionately in the bottom 20% and those people will be hurt by minimum wage increases. but you and i agree that minimum wage people could make more money to support their families better. what's a better policy starting right now that president obama should be talking about instead of what he's doing, which is hurting poor people such they can make more money no matter how much it costs. >> look, just to be clear. i like the question, but i don't agree with the premise. i do think a moderate increase would help. to answer the part of your question that i agree with, here's what i think he should do. the earned income tax is a very important pro work subsidy. this is a good way to help low-wage people. but for childless adults, adults who don't have kids, it's rea y rea
. >> that's the next thing i want to ask you. i'd like you to come up with a policy you can recommend to president obama on the air right now that would be better than the minimum wage. because recall, 40% of unemployed people today are long-term unemployed, disproportionately in the bottom 20% and those people will be hurt by minimum wage increases. but you and i agree that minimum wage people could make more money to support their families better. what's a better policy starting right...
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Dec 2, 2013
12/13
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think it's important that somebody reads it before they pass it because i think all the surprises in obama it's not fair to put many public workers back in this kind of gray area again. this is supposed to save $150 billion over the next several decades and all eyes will be focused on illinois because it's the worst and it's trying to get better. back to you, simon. >>> tweet time. jeff bezos reveals they are experimenting with drone-based delivery. the service amazon prime air could be ready in the next four or five years and could carry objects to customers within a ten-mile radius of an amazon distribution center. is it a great idea? what's the worst that could happen? tweet us @squawkstreet. [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ ♪
think it's important that somebody reads it before they pass it because i think all the surprises in obama it's not fair to put many public workers back in this kind of gray area again. this is supposed to save $150 billion over the next several decades and all eyes will be focused on illinois because it's the worst and it's trying to get better. back to you, simon. >>> tweet time. jeff bezos reveals they are experimenting with drone-based delivery. the service amazon prime air could...
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Dec 10, 2013
12/13
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president obama is among those speaking at the service. we'll bring you updates throughout the morning. >>> meantime, on wall street, a number of speeches in recent days from policymakers before officials go into their blackout period before next week's two-die fomc meeting. that has been what the market has been digesting. yesterday, jim bullard said positive trends in the labor market make cuts to the fed's $85 billion bond buying program more likely. that is huge news because, remember, when bullard came on with us not too long ago, you talked about the how the fed could be doing this for a long period of time and he'd feel comfortable with that because we haven't seen inflation. because investors have spent so much time tapering, investors are interested in bond yield. if you've been watching the ten-year, right now the yield is at 2.827%. also, october wholesale trade and the labor department's latest job openings and latest turnover survey that a lot of economists watch closely. futures at this hour are indicated higher, dow up by ju
president obama is among those speaking at the service. we'll bring you updates throughout the morning. >>> meantime, on wall street, a number of speeches in recent days from policymakers before officials go into their blackout period before next week's two-die fomc meeting. that has been what the market has been digesting. yesterday, jim bullard said positive trends in the labor market make cuts to the fed's $85 billion bond buying program more likely. that is huge news because,...
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Dec 3, 2013
12/13
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is that the main concern for the whole obama care initiative over the next year or two? >> sure. we're getting a good mix of people right now. yesterday was -- so last week we went live, obviously thanksgiving week. yesterday, we got, you know, inundated with phone calls and requests, and it looks like, you know, early indicates are a pretty good mix of young and older folks, looking for coverage. so i think time will tell as we get more data on how everything plays out. >> all right. gohealthinsurance is the website for those looking for more information. clint jones is the ceo joining us this morning. thank you so much, sir. >> thank you. >>> let's get back to scott cohn who's been walking us through the detroit decision better than anybody could have expected. scott, what do you have? >> reporter: it now is official. detroit is the largest municipal bankruptcy filing in u.s. history. judge steven rhodes saying that the city is indeed eligible for federal bankruptcy protection, acknowledging that, yes, it was a foregone conclusion, but that doesn't necessarily mean it was in ba
is that the main concern for the whole obama care initiative over the next year or two? >> sure. we're getting a good mix of people right now. yesterday was -- so last week we went live, obviously thanksgiving week. yesterday, we got, you know, inundated with phone calls and requests, and it looks like, you know, early indicates are a pretty good mix of young and older folks, looking for coverage. so i think time will tell as we get more data on how everything plays out. >> all...
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Dec 10, 2013
12/13
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bob pisani, thank you, sir. >>> between silicon valley's open letter to president obama this week to curb the government surveillance program and media rise of bitcoin is something that buzzfeed's john steinberg says will be big next year. john, good morning. >> good to be here. >> is there a 17-weight thing you need to worry about with -- >> we had a great post. all people on bitcoin, on webo, talking about bitcoin. some of the top comments. it's a trend i missed. in '99, scott mcneilly, at sun, says you have zero privacy, get over it. that was the sentiment in '99 and spoke to the times. i didn't agree with it then. but people are shocked how little privacy we have, and the rise of bitcoin, snapchat, whisper, it's definitely an investable trend. >> what should the policy response be in washington? >> there has to be more transparency, and not only the policy response in washington, what you're seeing in the established companies, the response to washington, they realize now it's a competitive trend they need to seize on, right? yahoo! google, facebook, the next wage of internet com
bob pisani, thank you, sir. >>> between silicon valley's open letter to president obama this week to curb the government surveillance program and media rise of bitcoin is something that buzzfeed's john steinberg says will be big next year. john, good morning. >> good to be here. >> is there a 17-weight thing you need to worry about with -- >> we had a great post. all people on bitcoin, on webo, talking about bitcoin. some of the top comments. it's a trend i missed. in...